By business reporter Nassim Khadem

Multinationals, which are legally channelling billions of dollars of revenue earned in Australia to low-tax jurisdictions such as Singapore and the Netherlands, could be caught by Labor’s proposed policies to apply tougher taxing rules.

ABC News has examined the financial accounts of some of the major companies that may get hit with billions of dollars of new taxes under Labor’s proposed changes to deny deductions relating to royalties, including Uber, Google, Facebook, Microsoft, McDonalds, Ikea and Aldi.